Short Interest in Anglo American (OTCMKTS:NGLOY) Rises By 119.6%

Key Points

• Short interest in Anglo American has risen by 119.6%, with a total of 41,500 shares as of September 15th, compared to 18,900 shares at the end of August.
• The company has declared a $0.028 per share dividend, payable on October 7th, with the ex-dividend date set for August 22nd.
• Analysts' opinions on Anglo American stock vary, with ratings ranging from Strong Buy to Hold, resulting in a consensus rating of "Moderate Buy."

Anglo American (OTCMKTS:NGLOY - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 41,500 shares, a growth of 119.6% from the August 31st total of 18,900 shares. Based on an average trading volume of 752,400 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 752,400 shares, the short-interest ratio is currently 0.1 days.

Anglo American Stock Performance

Anglo American stock opened at $19.01 on Friday. The company has a 50-day simple moving average of $15.90 and a 200-day simple moving average of $14.82. Anglo American has a one year low of $12.70 and a one year high of $19.13.

Anglo American Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, August 25th will be given a dividend of $0.028 per share. The ex-dividend date is Friday, August 22nd.

Analysts Set New Price Targets

NGLOY has been the subject of several recent research reports. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Anglo American in a research note on Monday, August 4th. Citigroup reiterated a "neutral" rating on shares of Anglo American in a research note on Friday, September 26th. DZ Bank lowered shares of Anglo American from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 11th. Finally, Berenberg Bank upgraded shares of Anglo American from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.

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